Wave Infratech, the realty arm of Ponty Chadha's Wave Group, launched the first phase of Wave City Centre, an integrated mixed-use project in Noida with an investment of Rs 4,000 crore in March 2012.

The whole project, which is spread over the 152-acre in the heart of Noida, was stated to complete in three phases. The total size of the project would be 40 million square feet, of which the company would develop 9.5 million square feet in the first phase, to be delivered by 2016.

In the first phase, the company will develop 1,400 housing units with a starting price of over Rs 1 crore, 900 studio apartments, 370 highstreet shop condominiums, two hotels comprising 400 rooms, a shopping mall covering two million square feet and 1.8 million square feet of office area.

The entire township will have 3,000 hotel rooms in various categories and 43,000 car parking slots. The company acquired the land for about Rs 6,500 crore after outbidding Amrapali and The 3C Company last year.

In 2005, during the government of Mulayam Singh, Chadha won statewide contracts to supply ready to eat food for poor under the Integrated Child Development Scheme (ICDS).

Chadha's company, Great Value Foods, retained the nutrition contracts, and in 2009, he gained monopoly over the state's wholesale liquor trade.

Chadha's companies have been probed by Income Tax authorities several times but he has never suffered legal setbacks.